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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: hung wood who wrote (15115)	9/18/1998 6:38:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

MXIM..unfortunate luck after two upgrades in August,it was down over 15% in two days and an oversold stochastic to boot. I too thought it showed signs of accumulation. Well now it's even more oversold. This basically illustrates the disaster of holding too many tech stocks in your portfolio. MXIM could rebound on Monday, it should anyhow. I am very, very cautious in holding tech stocks in this volatile market climate. I've learnt from experience, the last tech stock that tanked on me was ZBRA and that was over 8 months ago. MXIM has a peg of .75, that's not all that low. I wouldn't be at all surprised if it fell further after an initial dead cat bounce.